199 Summer StreetSpringfield, VT 05156Price: $239,000

SHOWING BY OPEN HOUSE SUNDAY FROM NOON-2 A unique opportunity to acquire the former East School property at 199 Summer Street in Springfield, Vermont. Set on approximately 2.5 acres, the property includes a roughly 12,400 sq. ft. former school building with existing road access, municipal water and sewer, and Medium Density Residential zoning. Listed at $239,000, this property offers significant potential for adaptive reuse, multifamily housing, residential development, or a mixed-use concept. Potential redevelopment paths include converting the existing building into approximately 8 rental apartments, daycare or educational space, office/studio use, maker space, community space, or a mixed-use project. The larger site may also support additional development concepts, including approximately 12 small homes or cottage-style homes, subject to permitting, engineering, and feasibility review. Springfield continues to benefit from strong regional housing demand, municipal infrastructure, broadband and 10G fiber availability, access to I-91, Springfield Hospital, and proximity to Okemo, Woodstock, and the Upper Valley. With existing infrastructure in place, residential zoning, and multiple potential exit strategies, this property is well-suited for housing developers, investors, and community development partners.